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Tag Archives: Real Estate

So Cal housing prices reach record high

Local Housing Sales, Prices Continue to Rise

The median price for a single-family home in Southern California last month was $507,500, an all-time high, according to data released Wednesday. The previous record was $505,000, which the market reached three times in 2007 and twice in 2017, Irvine-based CoreLogic reported in its monthly assessment of the Southern California …

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Inland retail market adds space

More than 265,500 square feet of retail space was absorbed in Riverside and San Bernardino counties during the last three months of 2017, according to CBRE Group Inc. The region’s retail vacancy rate was 8.2 percent in the fourth quarter, an estimated 422,000 square feet of space was under construction …

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Local industrial market keeps humming

Inland industrial market is more than solid

The Inland Empire absorbed close to five million square feet industrial space in the fourth quarter of 2017, as its overall vacancy rate fell to 3.7 percent, according to a report. An estimated 23 million square feet of industrial space was under construction during the last three months of last …

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Chino property to be residential community

A homebuilder has purchased vacant land in Chino, where it will develop a residential community. Century Communities in Rosemead bought the 122-lot infill parcel between Fern Avenue and Interstate 83 for an undisclosed sum, said Les Whittlesey, founding partner with WD Land in Irvine. The seller was Stratham Investments. WD …

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Inland office market has a good 2017

The Inland office market finished 2107 on solid footing, according to data released Thursday. While nothing new was built, the region did absorb a little more than 193,000 square feet of space during last year’s fourth quarter, according to CBRE Group Inc.’s quarterly report. Also, the Inland region’s office vacancy …

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IE industrial costs outpace rest of US

The cost of industrial land in the United States is going up, and nowhere is it rising faster than in the Inland Empire. The average price of industrial parcels between 50 and 100 acres is more than $100,000 an  acre, about twice as much as one year ago, according to …

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